FAC Explorer

Finding 1167799 (2025-002)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2026-01-05
Audit: 379109
Organization: River Ridge C.u.s.d. #210 (IL)
Auditor: BENNING GROUP LLC

AI Summary

  • Issue: The District failed to transfer the treasurer bond to the new treasurer during the fiscal year.
  • Requirement: Illinois School Code mandates that each District Treasurer must be bonded for at least 10% of the total funds they manage.
  • Follow-up: Ensure the treasurer bond is properly transferred and updated to comply with legal requirements.

Finding Text

The District is responsible to comply with Illinois School Code regarding Treasurer Bonds. The treasurer bond was not transferred to the new treasurer during the fiscal year. Illinois School Code requires each District Treasurer to be bonded for at least 10% of the total funds in his or her custody.

Corrective Action Plan

The treasurer bond was transferred in July of 2025 when we realized it had not been completed.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1167798 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.027 SPECIAL EDUCATION GRANTS TO STATES ROOM AND BOARD $296,286
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $149,527
84.027 SPECIAL EDUCATION GRANTS TO STATES $147,674
10.555 NATIONAL SCHOOL LUNCH PROGRAM $128,748
84.358 RURAL EDUCATION $59,030
10.553 SCHOOL BREAKFAST PROGRAM $36,897
93.778 MEDICAL ASSISTANCE PROGRAM $32,524
10.555 NON-CASH FOOD COMMODITIES $19,204
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $17,824
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $6,534
84.173 SPECIAL EDUCATION PRESCHOOL GRANTS $5,804
10.555 FRESH FRUITS & VEGETABLES $1,797
15.634 STATE WILDLIFE GRANTS $1,227
10.555 CHILD NUTRITION SUPPLY CHAIN $717